Word: exportable
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Dates: during 1950-1959
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Despite all the pitfalls of trade with Russia, the clamor for it by European businessmen who are being shut out of the U.S. market will probably increase. To lessen it, the U.S. will have to revise its list of strategic goods, try to eliminate all the borderline products whose export must be approved by a NATO-wide committee in Paris. If the list were more precise, a needless source of anti-American irritation would be removed, and more European businessmen could learn firsthand the Soviet shell game. But U.S., European and Japanese businessmen must keep in mind that the Communist...
...imports. But Eisenhower had difficulty finding a "domestic industry." Part of it, he wrote, consisted of "U.S. entrepreneurs who buy the raw silk in Japan, pay there for the labor at piece rates for the printing and finishing, which is all done under their supervision and continued ownership," then export the goods to the U.S. and sell them. Another part consisted of U.S. finishers who do piece-rate work on scarves without actually owning them. The first group wanted tariffs left as is, the second wanted them raised. Thus any action to help one would hurt the other...
...rivaling the Swiss franc for stability. Italy's lira, which sank as low as 915 to the dollar during 1948's fears of Communist election victories, is almost up to the official rate (625). The Benelux nations-Belgium, The Netherlands, Luxembourg-established such a good postwar export trade that their stable currencies did not even tremble during the disastrous floods. By contrast, France, still without a Premier, was running so big a governmental and export deficit that the U.S. last week had to put up $37 million to help stabilize the franc. In its own black market...
...market-and its true worth. Thus, when Britain imposed the most rigid currency controls, the effect was to create dozens of separate varieties of sterling in the world's black and free markets-including "satchel" sterling used by smugglers. No matter what regulations were made to block the export of currency, money manipulators found a way around them...
...Because of Me." He scraped along for a few years with a small import-export business, then in 1934 got into munitions. He managed to talk the National Bank of Greece, which held control of the Greek Powder & Cartridge Co. and wanted to sell it, into lending him enough ($500,000), to buy its share of the company...